Fed leaves rates near zero, vows to use 'full range' of tools to help economy | ||
Wednesday, 29 April 2020 ()
Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the economy, saying the ongoing coronavirus pandemic will "weigh heavily" on the near-term outlook and poses "considerable risks" for the medium term. |
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Credit: Reuters - Politics - Published
'Extraordinary shock' -Fed Chair Powell assesses economic blow 02:21The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to use its "full range of tools" to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only slam growth in the near term but pose "considerable risks" in the medium term as well. This report... |